[116 Pages Report] The global flame arrestors market was valued at USD 677.1 million in 2017 and is projected to reach USD 924.7 million by 2023, at a CAGR of 5.31% during the forecast period. Stringent industrial safety norms and regulations and increasing oil & gas activities in North America are driving the flame arrestors market globally. The years considered for the study are as follows:Base Year: 2017

Estimated Year: 2018

Projected Year: 2023

Forecast Period: 20182023

The base year considered for company profiles is 2017. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

To define, describe, and forecast the flame arrestors market by type, application, end-user, and region

To provide detailed information about the major factors influencing the growth of the flame arrestors market (drivers, restraints, opportunities, and industry-specific challenges)

To strategically analyze the flame arrestors market with respect to individual growth trends, future projections, and the contribution of each segment to the market

To track and analyze competitive developments such as contracts & agreements, new product launches, investments and expansions, mergers & acquisitions, and partnerships and collaborations in the flame arrestors market

To profile key players and comprehensively analyze their market ranking and core competencies

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the flame arrestors market. Primary sources are mainly industry experts from the core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industrys value chain. The points given below explain the research methodology.

Study of the annual revenue and market developments of major players that provide flame arrestors

Assessment of future trends and growth of end-users

Assessment of the flame arrestors market with respect to the type of module used by different end-users

Study of contracts and other developments related to the flame arrestors market by key players across different regions

Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies offering flame arrestors across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study, on the basis of company type, designation, and region.

Regional Analysis

Company Information

Drivers

Safety guidelines and regulations for industries

Safety regulations and norms are mandatory for all industries, particularly oil & gas and chemical, and every country has its own safety regulations, norms, and guidelines in place for various industries. Globally, every industry such as oil & gas, mining, chemical, and pharmaceuticals are required to comply with industrial safety regulation norms as prescribed by organizations such as US Coast Guard, International Electrotechnical Commission (IEC) and European Committee for Electrotechnical Standardization (CENELEC). For the compliance of these norms, it is mandatory for industries to install effective and efficient hazardous control systems such as safety valves, gas blanketing equipment, and flame arrestors.

Shale gas and tight oil boom in North America and China

The oil & gas industry is the largest segment of the flame arrestors market. The ecologically sensitive nature of the oil & gas industry makes the installation of hazard prevention equipment a necessity. The recent shale gas and tight oil boom in the US and Canada is an important driver for the flame arrestors market. With the production cost decreasing as newer technology emerges, the shale gas and tight oil production has been rapidly increasing. The US Energy Information Administration (EIA) estimates that natural gas production driven by the shale gas boom will reach a production capacity of 84.21 bcf/day in 2018, from the 2016 average of 77.82 bcf/day. The stringent regulations for the environment, health and safety in North America, are the major driving factors for the growth of hazardous environment control systems.

Restraints

Lack of efficient government monitoring for industrial safety in developing economies

Most countries have a special regulatory body formed for regulating and guiding industries about safety norms and other protocols to be followed for the safety of the environment and human resources. Developed countries such as the US, Canada, and the European countries such as Germany and the UK have strict norms with regular follow-ups and monitoring mechanisms to ensure that these regulations are followed.

Contracts & Agreements, 20142018

Date

Company Name

Development

June 2018

Elmac Technologies

Elmac Technologies supplied 7 in-line UCA detonation flame arrestors to Belgiums largest fuel storage facility with the objective to supply assistance with the vapor recovery lines of two new jetties. The installation has helped reduce the overall project costs by reducing the line size from 8 inches to 6 inches.

May 2018

Elmac Technologies

Elmac Technologies supplied 3 in-line detonation flame arrestors and 1 in-line deflagration arrestor to Akzo Nobels paint plant in Northumberland, England. The flame arrestors were installed in the tank vent lines to prevent the propagation of flames within the tank.

The global flame arrestors market is estimated to be USD 713.8 million in 2018 and is projected to reach USD 924.7 million by 2023, at a CAGR of 5.31%. Stringent safety norms and regulations in industries and the growing demand for shale gas and tight oil are expected to the drive the growth of the flame arrestors market.

The flame arrestors market has been segmented, by type, into in-line and end-of-line. The in-line segment is expected to be the largest because of the rising demand for detonation arrestors for pipelines and ventilation systems of storage terminals in the oil & gas industry.

The flame arrestors market has been segmented, by application, into storage tank, pipeline, incinerator, ventilation system, and others. The others segment includes generator, vacuum pump, and compressor. The storage tank segment is estimated to hold the largest share of the market during the forecast period. The growth in the oil & gas terminals as a result of increased investments in refineries and petrochemical industries are driving the growth for the storage tank segment.

The flame arrestors market has been segmented, by end-user, into oil & gas, chemical, metals & mining, pharmaceutical, waste-to-energy plant, and others. The others segment includes food & beverage, marine, and primary non-metallic industries. The oil & gas segment is estimated to hold the largest market share by 2023. The shale gas and tight oil boom in North America and the Asia Pacific is the driving factor for the growth of the oil & gas segment in the flame arrestors market.

The flame arrestors market has been analyzed with respect to 6 regions, namely, North America, Europe, the Asia Pacific, South America, the Middle East, and Africa. The Asia Pacific is expected to dominate the flame arrestors market during the forecast period. Continued investments in refinery expansion and construction of storage terminals and tank farms in the region are driving the growth of flame arrestors in the Asia Pacific. The rapidly growing pharmaceutical and chemical industries in the region are further contributing to the growth.

The major factor restraining the growth of the flame arrestors market is the lack of effective monitoring of safety instrumentation in emerging economies. This restraining factor is particularly prevalent in the Asia Pacific region, especially in China, India, and Indonesia where small and mid-sized manufacturers opt for hazard prevention equipment like gas blanketing systems to save costs rather than installing hazard protection equipment like flame arrestors.

Some of the leading players in the flame arrestors market include Emerson (US), Braunschweiger Flammenfilter (Germany), Elmac Technologies (UK), Protectoseal (US), and Tornado Combustion Technologies (US). Contracts & agreements were the most commonly adopted strategy by the top players in the market from 2014 to 2018. It was followed by new product developments.

Opportunities

Rapid growth of manufacturing sector in the Asia Pacific region

The growth of the manufacturing sector in the Asia Pacific region is one of the biggest opportunities for the flame arrestors market. Countries such as China, India, and Indonesia are witnessing rapid growth in the manufacturing sector, especially, petrochemical, pharmaceutical, textiles, and heavy industries. China, the largest economy of the region, has a robust manufacturing sector, which contributed almost 30% toward the countrys GDP in 2016. The International Monetary Fund (IMF), in 2017, upgraded Chinas economic growth rate to 6.5%, from an earlier estimate of 6.2%. The growth of the manufacturing sector in these regions provides tremendous opportunities for the hazard protection equipment such as flame arrestors, particularly in the pharmaceutical and chemical industries.

Replacement of legacy equipment in industries

The replacement of outdated flame arrestors in industries provides a growth opportunity for the flame arrestors market. The flame arrestor technology has evolved over the years with better protection technology and high-quality flame quenching element used in the equipment. Industries that had flame arrestors installed in the 1980s and the 1990s used older technology and thus are opting for the replacement of equipment with newer technology. Also, in cases where the flame arrestors installed were not in compliance with the hazardous area classificati

Challenges

Approval from regulatory and certification authority

Equipment used in hazardous environment are required to be certified by authorities that are responsible for approving electrical equipment. Since different countries have different regulations and specifications for the certification of equipment, it becomes a challenge for the manufacturers of flame arrestors to expand into different regions. Also, the cost for customization of product specification becomes an additional cost for meeting the compliance of a particular country. The testing and certification process also needs to be done for each country and incurs additional costs, thus creating competitive pricing challenges.

New Product Developments, 20142018

Date

Company Name

Development

February 2018

Elmac Technologies

Elmac Technologies launched a new range of end-of-line flame arrestors, the EHB series. The new series offers a size range from 15 mm to 600 mm, with extended operating temperatures of up to 150 ℃.

January 2018

Elmac Technologies

Elmac Technologies launched new end-of-line flame arrestors, the LCA and LEA series. The new products offer protection in the explosion groups IIA1 and IIA and range from 15 mm to 300 mm size in diameter.

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